"Karen Elson and Jack White announce today that they are getting divorced," the two say in a joint statement released by their rep. "We remain dear and trusted friends and co-parents to our wonderful children Scarlett and Henry Lee. We feel so fortunate for the time we have shared and the time we will continue to spend both separately and together watching our children grow."

To commemorate the occasion, the two are throwing a divorce party Friday night in Nashville. (See invitation below.)

"In honor of that time shared, we are throwing a divorce party," the two say in their statement. "An evening together in Nashville to re-affirm our friendship and celebrate the past and future with close friends and family."

Courtesy Nasty Little Man PR

According to the invitation, the bash will include "dancing, photos, memories and drinks with alcohol in them."

And the pair cautions: "This is only for close personal friends and family. So please no plus ones or dead beats."

White, 35, and Elson, 32, wed in Brazil in 2005. The rocker recently disbanded his longtime group the White Stripes with Meg White. Elson, meanwhile, has been performing her own music and currently manages a clothing boutique in Nashville, where the two live with their children.